TSK advances its IPO with initial backing from domestic and international institutional investors
29 April, 2026
TSK, a global technology engineering company specialized in energy transition, digitalization, and critical minerals handling, following the announcement of its intention to float on 24 April, is pleased to announce that more than one third of the offering is already anchored with top tier international institutional investors and Spanish institutional investors and family offices
Gijón, Spain, 29th April 2026 – TSK, a global technology engineering company specialized in energy transition, digitalization, and critical minerals handling (the “Company”), announces today that, further to the announcement on 24 April 2026 of its intention to proceed with an initial public offering of its ordinary shares (the “Shares”) to qualified investors (the “Offering”), it has received binding commitments from cornerstone investors representing roughly 40% of the total base offer, roughly 35% considering the overallotment option (greenshoe), including the following:
- Amundi – Europe’s largest asset manager, with a strong presence across global equity markets and a long-standing track record in supporting listed companies through primary offerings
- Amundsen – A global investment firm, focused on industrial and energy transition opportunities, with experience investing in companies with strong engineering capabilities and international growth profiles
- DNB Asset Management – Part of DNB Bank ASA, Norway’s largest financial services group, and is a well-established institutional investor with a strong track record in global equity markets
- Global Income SIC (Waterside AM) – Family-owned investment vehicle with an institutional profile. Global Income applies a long-term value investing approach, with a well-diversified portfolio across listed equities and fixed income.
- Janus Henderson – Leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service
- Spanish family offices participating in the Offering represent long-term oriented domestic investors with a deep understanding of the industrial landscape
The strong support from these cornerstone investors, including top-tier institutional investors and domestic family offices, reinforces confidence in TSK’s business model, growth strategy and long-term value creation potential, and underpins the successful execution of the Offering.
In addition, with the objective of preserving adequate liquidity in the secondary market following the Admission, the Offering will be structured to ensure a diversified shareholder base, whereby no individual new investor is expected to hold more than a 3% stake in the Company upon completion of the Offering. This approach is intended to support healthy trading dynamics and enhance free float over time
The above is subject to the approval of the prospectus by the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores, the “CNMV”), as well as, where applicable, compliance with internal regulations and approval processes of the relevant investors. Orders placed by cornerstone investors will be based on the prospectus approved by and registered with the CNMV,
The Offering is expected to consist of a primary offering of newly issued shares by the Company, targeting an equity raise of approximately €150 millions (excluding any over-allotment option). The Offering will be made to qualified investors in the European Economic Area and in the United Kingdom. The Shares will not be offered or sold in the United States.
Further details of the proposed Offering will be included in the prospectus to be approved by, and registered with, the CNMV in connection with the Offering and the admission to trading on the Spanish Stock Exchanges, which will supersede this announcement in its entirety.
The prospectus approval process is ongoing and will include full details on the Offering and its expected timetable. Once approved, the prospectus will be published and made available on the Company’s website and on the CNMV’s website (www.cnmv.es).
Any acquisition of shares in the Company should be made solely on the basis of the prospectus approved by, and registered with, the CNMV. The approval of the prospectus by the CNMV does not constitute an evaluation of the merits of the Offering.
